That's not the point of this post. Sometimes R. Kelly seems to be doing really good and then there are times where his personal life is looking terrible. One of those terrible aspects that was released to the public recently was the foreclosure auctioning off of his once $5 million home in Chicago.
What happened?
According to JP Morgan Chase, as of last year R. Kelly still owed $3 million on the home. During the foreclosure auctioning Chase did a bid of $950,000 and submitted the only offer. Ugh, this is disappointing. This is what drives property values down. People need to stop buying expensive houses if they are not going to make the payments.
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